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Thread: PessOptimist's Account Talk

  1. #13

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    Default Re: PessOptimist's Account Talk

    Personal what?

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  3. #14

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    Default Re: PessOptimist's Account Talk

    Yeah I know, just whining and still wondering how some find the time to post at work. I should work there

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  5. #15

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    Default Military TSP and stuff

    Took me a while to find my home, long way down. I haven't moved for months cause I'm racked with indecision. Just leave my ~24% in CSI and watch.

    I have said things in the past about members mentioning matching funds to uniformed service members. Uniformed Service Members do not get matching funds and saying they do is one more thing to worry about especially for those getting ready to deploy and worried about a lot of other things. http://www.tsp.gov/uniserv/features/chapter04.html So thanks for stopping that (mostly).

    Zacattacker's retirement pay is not exactly the same as what Frixxxx and myself receive. Close but with an important option which may offer an opportunity to invest outside TSP.

    With approximately 10 years active time, one would fall under high 3, which is 2.5% times the average of the highest three years base pay. Pretty much the same as we had but at a lower basis, especially if you were an E-8 selectee (but still E-7) at the beginning of the period and an E-9 when you retired. (it does happen today, E-7 to E-9 in minimum time)

    At the 15 year point, one will be offered a 30k bonus for promising to stay at least 20 years. The system is called CSB/REDUX. At retirement, you will get a multiplier of 2% times high three until age 62, then the multiplier goes to 2.5%. See: http://www.defenselink.mil/militaryp...ichsystem.html

    Based on the popular opinion on the MB, this might be an opportunity to get a bunch of cash to invest in a ROTH or other investment. A lot would depend on debt and the desire for a new car I suppose.

    A close relative of mine was pretty much told when he selected CSB that if he didn't put it directly in to TSP he faced immediate financial ruin. So the TSP option for the money is being pushed in some places. Especially by this SrA "expert advisor" at my relatives finance office.

    The tax hit for someone taking CSB is probably high. I don't know what they take out on payment. Most of it should come back at the end of the tax year.

    My point here is to help board members understand the options for our uniformed services members a little better. I hope this post helps you in giving advice to them.

    And please remember to say thank you to them.

    pess

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  7. #16

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    Default Re: PessOptimist's Account Talk

    Hello everyone. Still frozen by indecision but do have a tracker question.

    I haven't made an IFT for a long time but my percentages in each fund have changed due to market fluctuations.

    Should I make those changes in my tracker account to reflect the new reality?

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  9. #17

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    Default Re: PessOptimist's Account Talk

    Moved to G/F/C/S/I 96/1/1/1/1.

    Wish I had done it yesterday.

    Probably time to get more agressive than 30% in stocks, where I have sat most of the year. See what happens Monday then re-evaluate/re-consider and re-enlist. Oops, flashback to commissary milk cartons of the '70s.

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  11. #18

    Default Re: PessOptimist's Account Talk

    Quote Originally Posted by PessOptimist View Post
    Moved to G/F/C/S/I 96/1/1/1/1.

    Wish I had done it yesterday.
    No doubt - well I wont sell short and buy back higher gonna ride it out and hope the BF sales are rocking the house so we get a good Monday.


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  13. #19

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    Default Re: PessOptimist's Account Talk

    "Strategists on Dubai: Avoid 'Rash Moves' Now." On occasion the market is rational.

    http://www.cnbc.com/id/34172868

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  15. #20

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    Default Re: PessOptimist's Account Talk

    Birchtree, it had nothing to do with Dubai, I had made up my mind to get out of equities based on other things.

    I was wrong, cost me several k. The overall CSI has been up since.

    Now I am being "stubborn" about buying back shares at a higher price, so am sitting on the sidelines.

    Someone set me straight. Or not.

  16.  
  17. #21

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    Default Re: PessOptimist's Account Talk

    Hesitation can be even more expensive - bull markets are never easy.

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  19. #22

    Default Re: PessOptimist's Account Talk

    Quote Originally Posted by PessOptimist View Post
    Birchtree, it had nothing to do with Dubai, I had made up my mind to get out of equities based on other things.

    I was wrong, cost me several k. The overall CSI has been up since.

    Now I am being "stubborn" about buying back shares at a higher price, so am sitting on the sidelines.

    Someone set me straight. Or not.
    Dubai is Dubai, they got oil out the wha-zoo and a couple trillion $$$.
    They had a small credit thing go bad, no big deal, PaPa Dubai just covers it with a few billion $$$? Life goes on?

  20.  
  21. #23

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    Default Re: PessOptimist's Account Talk

    Made another move yesterday. G/C/S 50/20/30. Wanted to make that move last week but picked today cause I am so smart and lucky.

    Maybe it will pick up tomorrow or next week.

    I have been procrastinating on IFTs thinking that by watching the market in the morning I could make a better decision. I have actually had to do my job and not been able to make a move before noon. So I would let it go until the next day. There are two things wrong with that idea.

    1. I don't really know what I am doing.

    2. My job may allow me time to watch and make a move before 10AM local time but may not.

    When something that was not planned comes up it has to be dealt with. Bummer. A fed that actually has to react quickly. Maybe that's why I am not in the GS/WG pay system.

    So my new year idea is to try to read the technicals, watch what those of you with time to keep track of all this stuff do and give it my best shot.

    Today my best shot lost me less than 1% of my account. Maybe there will be a santa claus this year. Maybe not.

    Maybe buy and hold is the right idea. I've got eight years.

    Rambling too much. I moved in to C and S because I thought there will be an up trend over the holidays.

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  23. #24

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    Default Re: PessOptimist's Account Talk

    Quote Originally Posted by PessOptimist View Post
    Maybe buy and hold is the right idea. I've got eight years.

    Rambling too much. I moved in to C and S because I thought there will be an up trend over the holidays.
    Don't know about the Rambling too much, but I like the last two sentenses.
    Pill

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